SOLD
506 510 West 150th Street
506 510 West 150th Street
See Similar DealsMultiFamily43,200 SF
Sold 01/13/2015
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$266
Total Square Footage:43,200 SF
Lot Square Footage:4996 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 506 510 West 150th Street in the New York market. The sale occurred for a price of $11,500,000.00, encompassing a total square footage of 43,200.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $11,500,000.00
- Address: 506 510 West 150th Street
- Market: New York
- Square Footage: 43,200.0
- Buyer: Moses Mizrahi
- Broker Representatives: Josh Lipton - Invictus, Andrew Levine - Invictus
This transaction included key individuals such as the buyer Moses Mizrahi and brokers Josh Lipton and Andrew Levine, both representing the deal through Invictus. Their roles were instrumental in facilitating the transaction for the multifamily asset.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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